Geode Capital Management LLC Has $54.39 Million Stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI)

Geode Capital Management LLC decreased its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,225 shares of the technology company’s stock after selling 2,393 shares during the period. Geode Capital Management LLC owned about 0.83% of The Ultimate Software Group worth $54,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of The Ultimate Software Group by 10.5% in the third quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock valued at $470,377,000 after buying an additional 235,848 shares during the last quarter. BlackRock Inc. raised its holdings in The Ultimate Software Group by 0.7% during the fourth quarter. BlackRock Inc. now owns 2,379,320 shares of the technology company’s stock worth $519,239,000 after purchasing an additional 15,810 shares in the last quarter. Wells Fargo & Company MN raised its holdings in The Ultimate Software Group by 2.7% during the third quarter. Wells Fargo & Company MN now owns 1,206,051 shares of the technology company’s stock worth $228,666,000 after purchasing an additional 31,945 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in The Ultimate Software Group by 2.6% during the fourth quarter. Eagle Asset Management Inc. now owns 693,526 shares of the technology company’s stock worth $151,256,000 after purchasing an additional 17,897 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in The Ultimate Software Group by 32.6% during the third quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after purchasing an additional 128,099 shares in the last quarter.

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Shares of NASDAQ ULTI traded down $4.58 during midday trading on Friday, reaching $239.09. The company’s stock had a trading volume of 94,537 shares, compared to its average volume of 235,426. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The Ultimate Software Group, Inc. has a one year low of $181.59 and a one year high of $257.93. The company has a market capitalization of $7,622.54, a P/E ratio of 283.34, a PEG ratio of 6.02 and a beta of 0.97.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.24. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The business had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. analysts anticipate that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current year.

In other The Ultimate Software Group news, Director Rick Wilber sold 5,000 shares of The Ultimate Software Group stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $244.96, for a total value of $1,224,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $228.63, for a total transaction of $967,104.90. Following the completion of the sale, the director now owns 9,145 shares of the company’s stock, valued at $2,090,821.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 284,019 shares of company stock worth $63,840,036. 4.90% of the stock is currently owned by insiders.

Several research analysts have weighed in on ULTI shares. BidaskClub upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Mizuho reaffirmed a “hold” rating and set a $200.00 price target on shares of The Ultimate Software Group in a research note on Thursday, December 14th. Robert W. Baird increased their price target on shares of The Ultimate Software Group from $210.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a research note on Saturday, February 3rd. Finally, ValuEngine raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The Ultimate Software Group currently has a consensus rating of “Buy” and an average target price of $244.95.

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The Ultimate Software Group Profile

The Ultimate Software Group, Inc (Ultimate) is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

Institutional Ownership by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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